Arsenal are set to benefit from the transfer of Folarin Balogun this summer after Edu Gaspar’s involvement in the deal
Folarin Balogun is set to leave AS Monaco this summer after his performances for his club and the United States men’s national team at the World Cup. The former Arsenal striker got off to a scoring start this summer and has been one of the standout players of the tournament so far.
The Athletic have claimed that Monaco would see a fee in the region of €50million (£43.2million) to sell the player who left the Gunners in 2024 for an initial fee of £25.7million (€30million).
€10million (£8.63million) in add-ons for the deal took the total move beyond £34million but still shy of the £35million Liverpool paid Arsenal for Alex Oxlade-Chamberlain in 2017. The move stands as the club’s current record transfer sale.
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However, with the sale of Balogun, sporting director Edu Gaspar negotiated a 17.5% sell-on clause in the deal, football.london understands. If Monaco receive the £43.2million asking price, this would see Arsenal earn £7.56million from the sell-on alone.
If Balogun’s add-ons have been fully met, it could take the overall financial benefit of the deal to £41.9million. While it still would not go down as an official record sale, it would be the most in total the club have received for a player.
Some might point to the £34million sale of Alex Iwobi to Everton in 2019, which was followed by a £22million move to Fulham in 2023. However, football.london understands there was no sell-on clause in the deal which originally took the Nigerian international to Merseyside from North London.
While an additional £7.56million is not a huge sum in the grand scheme of Arsenal’s summer, it could help free up further funds in terms of a potential wage offering for a high-profile player and help the club’s competitiveness in negotiations, especially if other elite clubs are vying for a player.
